Solid Foundation from Business Results Exceeding Expectations The meeting took place in the context of C47 having just completed the 2025 financial year with breakthrough figures. According to the report presented at the meeting, the company's revenue from sales and service provision reached 1,666.8 billion VND (exceeding the plan by 11.2%);
profit after tax reached 52.24 billion VND (exceeding the plan by 30.6%). Notably, the dividend payout ratio was maintained at 10%.
Another positive signal reinforcing investor confidence is that C47 stock was officially removed from the controlled status starting March 10, 2026, after the 2025 financial statements received a fully unqualified opinion from the auditing firm. This is clear evidence of transparent governance capacity and the strong recovery efforts of the Executive Board.
2026 Goals: Scaling Up Growth Alongside Profit Quality Based on the achieved results, the 2026 General Meeting of Shareholders unanimously approved the key business targets for the new year:
- Target Revenue: 1,800 billion VND (up 7.99% over the same period).
- Profit after tax: 60 billion VND (up 14.85% over the same period).
- Expected dividend: 10%.
To realize this goal, C47 determined to continue focusing on core areas with traditional strengths such as irrigation, hydropower, and transportation. At the same time, the company will step up its expansion into international markets (Laos, Southeast Asia) and research new energy investment opportunities.
Mr. Pham Nam Phong – Chairman of the Board of Directors of C47; Chairman of the Board of Directors of Vu Phong Energy Group speaking at the Meeting Mr. Pham Nam Phong – Chairman of the Board of Directors of C47 shared: "The 1,800 billion VND plan is built on solid transitional projects. We are not only pursuing growth numbers but also focusing on risk management, optimizing profit margins, and preparing scenarios to respond to market fluctuations.
Ms. Chu Thi Tu Anh – Independent Member of the Board of Directors – Chairwoman of the Audit Committee presenting the Report at the Meeting Mr. Duong Minh Quang – Member of the Board of Directors and General Director of Construction Joint Stock Company 47 presenting at the Meeting Strategic Partnership and Sustainable Development Vision Positioned as a strategic associate company of Vu Phong Energy Group, the success of C47 brings great synergistic value within the energy and infrastructure construction ecosystem. The combination of C47's large-scale infrastructure construction capabilities and Vu Phong's renewable energy solutions creates comprehensive strength to implement key projects, especially pumped-storage hydropower plants and green energy projects in Vietnam as well as the region.
At the meeting, the high spirit of consensus from the shareholders (reaching 100% of voting shares for key contents at the beginning of the session) demonstrated absolute trust in the direction of the Board of Directors. Maintaining the Board of Directors' remuneration and prioritizing resources for the employee reward fund also highlights a humane corporate culture, placing the human foundation at the center of development.
Key highlights of C47 in the upcoming period:
- Maintaining construction at major projects: Hoa Binh expansion, Nam Phak, Nam Neun
1 (Laos).
- Flexible price adjustment mechanism: Protecting profit margins against fluctuations in
fuel and material prices.
- Enhancing investor relations (IR): Improving transparency and brand value in the stock
market.
Concluding the meeting, C47 affirmed its readiness to break through, not just stopping at the role of a traditional construction contractor but transforming into a multi-functional enterprise with strong international competitive potential. The companionship between C47 and strategic partners like Vu Phong Energy Group is expected to continue to make essential contributions to the cause of national sustainable infrastructure and energy development.
